EXHIBIT 10.19
AMENDMENT TO
PIONEER NATURAL RESOURCES COMPANY
SEVERANCE AGREEMENT
This Amendment is dated and effective February 19, 2002, and is attached to
and made a part of that certain Severance Agreement ("Agreement") between
Pioneer Natural Resources Company ("Parent") and Xxxxx X. Xxxxxxxxx ("Officer")
dated December 1, 2000.
In regard to the provisions relating to a Change in Control and
Termination, paragraph 5(e)(1)(D) is hereby amended as follows:
"A continuation of all health insurance coverage applicable at the
time of such Termination of Employment to Officer and his/her immediate
family under any Benefit Plan until such Officer reaches the age of sixty-
five (65), or the age upon which such Officer becomes eligible for Medicare
benefits as determined by the Social Security Administration, whichever is
later ("Medicare Age");
"(i) For the first three years of such continued health
insurance coverage, the premium charged to the Officer shall be
the same as that charged to parent company officers of the
successor entity or the premium existing prior to the Change in
Control, whichever is less;
(ii) Following the first three years of such extended health
insurance coverage and continuing until such Officer reaches
Medicare Age, the premium for such coverage charged the Officer
shall be the Company's, or its successor's, COBRA premium in
effect during such time; and
(iii) Such health insurance coverage shall provide benefits
at a level at least comparable to those being provided prior to
the Change in Control, or better if better coverage is offered to
parent company officers of the successor entity."
Except as to the extent modified by this Amendment, the Agreement is hereby
ratified and confirmed in all respects.
PIONEER NATURAL RESOURCES COMPANY
By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
Title: Executive Vice President
OFFICER
/s/ Xxxxx X. Xxxxxxxxx
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Xxxxx X. Xxxxxxxxx
